Data room is a tool for collaboration that simplifies due diligence and helps in the deal-making process. It helps to store, share, access and manage sensitive documents and files. It provides an environment that is secure and safe to collaborate with multiple stakeholders. It also supports various formats of documents and is compatible with cloud services for easy access. It is simple, but has powerful features, such as one-click document creation as well as role-based workflows for Q&A and more than 30 advanced data discovery tools to automate and increase productivity.
It allows users to search databases for specific text, images or sections of documents. Users can also remove documents like doc, docx, txt, ppt, jpg and GIF files at a time, which ensures the privacy of sensitive information. Additionally, it permits users to modify documents using custom watermarks which help to in preventing unauthorized distribution as well as protect the integrity of the documents. It also supports single sign-on and enables the platform to integrate with external identity management systems such as Okta, Ping Identity, Azure AD and OneLogin.
The user-friendly interface lets users upload and display documents in more than 25 different formats including PDF, DOCX, and documents like DOC, XLS and TXT. It lets users label files to categorize them and make them search items. To protect privacy and security up to 8 levels of document permissions are possible, including viewing and fence view the PDF file encrypted, downloading it and downloading original documents. The tool can also be translated into more than 90 languages for global support. Users will receive instant email or in-platform notifications regarding important milestones and thresholds that facilitate proactive management.
